Tuesday, September 19, 2006

gas prices .... stats

article for Statistical analysis
http://www.omninerd.com/2006/09/15/articles/59

Monte Carlo

Learn:

Monte Carlo methods are a widely used class of computational algorithms for simulating the behavior of various physical and mathematical systems. They are distinguished from other simulation methods (such as molecular dynamics) by being stochastic, that is nondeterministic in some manner - usually by using random numbers (or more often pseudo-random numbers) - as opposed to deterministic algorithms. Because of the repetition of algorithms and the large number of calculations involved, Monte Carlo is a method suited to calculation using a computer, utilizing many techniques of computer simulation.